Deutsche Telekom

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Deutsche Telekom AG
Type Aktiengesellschaft
Traded as FWBDTE
OTCQXDTEGY
Industry Telecommunications
Founded 1995 (Privatization)
1996 (Flotation)
Headquarters Bonn, Germany
Area served Worldwide
Key people Timotheus Höttges (CEO and Chairman of the executive board), Ulrich Lehner (Chairman of the supervisory board)
Products Fixed Telephony
Mobile Telephony
Broadband Internet
IT Services
Networking Solutions
Digital television
Revenue Decrease ( 058.169 billion) (2012)[1]
Operating income Decrease (€ 003.810 billion) (2012)[1]
Profit Decrease (€ 005.255 billion) (2012)[1]
Total assets Decrease (€ 107.942 billion) (2012)[1]
Total equity Decrease (025.920 billion) (2012)[1]
Owners German State (32%)
Free float (68%) (2013)[2]
Employees 235,132 (2011)[1]
Divisions Group Headquarters and Shared Services
Germany (fixed and mobile)
Europe (fixed and mobile)
United States (mobile)
Systems Solutions (T-Systems)
Subsidiaries EE (50% stake with Orange S.A.)
T-Systems
T-Mobile US, Inc. (67% stake after TMUS stock debut)
Website www.telekom.com
Footnotes / references
[3]

Deutsche Telekom AG (abbreviated DTAG, English: German Telecom) is a German telecommunications company headquartered in Bonn. Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized. As of June 2008, the German government still holds a 15% stake in company stock directly, and another 17% through the government bank KfW.

History[edit]

The Deutsche Bundespost was the federal German government post office created in 1947 as a successor to the Reichspost. On 1 July 1989, as part of a post office reform, Deutsche Bundespost was split into three entities, one being Deutsche Bundespost Telekom. On 1 January 1995, as part of another reform, Deutsche Bundespost Telekom became Deutsche Telekom AG, and was privatized in 1996. As such, it shares a common heritage with the other privatized Deutsche Bundespost companies, Deutsche Post (DHL) and Deutsche Postbank.[4][5]

Deutsche Telekom was the monopoly internet service provider (ISP) for the German Internet until its privatization in 1995, and the dominant ISP thereafter.[6] Until the early 21st century, Deutsche Telekom controlled almost all Internet access by individuals and small businesses in Germany, as they were one of the first German telekom units.[6]

In October 2012, Deutsche Telekom and Orange created a 50-50% joint venture named BuyIn for regrouping their procurement operations and benefiting from scale effect. [7]

In April 2013, Deutsche Telekom and MetroPCS merged their operations in the United States.[8]

Operations[edit]

  • T-Home, the division aimed at private customers, providing landline telephone, broadband internet, mobile telephony, and IPTV services
  • T-Systems, a business division focused on providing services to the public sector as well as businesses
  • T-Mobile, its international mobile telephone division
  • T-Online, providing internet access to small businesses and individual customers

Deutsche Telekom also holds substantial shares in other telecom companies, including Central European subsidiaries Slovak Telekom (Slovakia), Magyar Telekom (Hungary), and T-Hrvatski Telekom (Croatia), which are now fully consolidated into T-Com/T-Home. Furthermore, Magyar Telekom holds majority shares in Makedonski Telekom (Macedonia), and Crnogorski Telekom (Montenegro) all of which have also been rebranded and included under the T-Com/T-Home umbrella. DT also holds shares in the Hellenic telecommunication operator OTE, which also have shares in several other companies like the mobile operators Cosmote Greece and AMC Albania, the IT&C retailer Germanos, and the Romanian telecommunication operator Telekom Romania, also consolidated into T branding.

Recent news[edit]

On 1 January 2005, Deutsche Telekom implemented a new company structure. The two organizational business units of T-Com and T-Online were merged into the Broadband/Fixed Network (BBFN) strategic business unit (T-Online merged with parent Deutsche Telekom in 2006). It provides around 40 million narrowband lines, over 9 million broadband lines and has 14 million registered Internet customers.

In 2008, the structure was changed again. T-Online was separated from Deutsche Telekom and merged with T-Com to form the new unit T-Home.

In 2010, Orange parent France Télécom and T-Mobile parent Deutsche Telekom merged their UK operations to create the largest mobile network in Britain now known as EE.[9]

In April 2010, T-Mobile was merged with T-Home to form Telekom Deutschland GmbH. This unit now handles all products and services aimed at private customers.

In February 2014, Deutsche Telekom acquired the remaining parts of its T-Mobile Czech Republic division for around €800 million. The size of the remaining stake was numbered at 40 percent.[10]

References[edit]

  1. ^ a b c d e f "Annual Report 2012". Deutsche Telekom. Retrieved 2013-08-11. 
  2. ^ "Shareholder structure". Deutsche Telekom. Retrieved 4 July 2013. 
  3. ^ http://www.annualreport.telekom.com/gb10/backstage_04/picpool/gfx_en/051_large.jpg Deutsche Telekom Organizational Structure
  4. ^ Rüdiger, Ariane. "Die Geschichte der Deutschen Telekom (german)". PC Welt, Germany. Retrieved 16 December 2012. 
  5. ^ Matthews, Christopher (2 February 2012). "The 11 Largest IPOs in U.S. History". Time Inc. Retrieved 16 December 2012. 
  6. ^ a b Waesche, Niko Marcel (2003). Internet Entrepreneurship in Europe: Venture Failure and the Timing of Telecommunications Reform. Edward Elgar Publishing. pp. 162–164. ISBN 978-1-84376-135-8. 
  7. ^ http://www.buyin.pro
  8. ^ "Deutsche Telekom to merge U.S. ops with MetroPCS". The Verge. Retrieved 26 July 2013. 
  9. ^ BBC NEWS
  10. ^ Reuters (9 February 2014). "Deutsche Telekom buys remainder of T-Mobile Czech unit". Reuters. 

External links[edit]